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Inflation rate eases from 22.97% in May to 22.22% in June, says NBS.
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Urban inflation slows but food prices remain a major pressure point.
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Experts attribute the drop to FX stability and seasonal food supply.
Nigeria’s headline inflation rate dropped to 22.22% in June 2025, marking a 0.75 percentage point decrease from the 22.97% recorded in May, according to new data from the National Bureau of Statistics (NBS).
The latest figure indicates a modest slowdown in rising consumer prices and a 11.97 percentage point decline compared to June 2024 when inflation stood at 34.19%.
On a month-on-month basis, however, prices rose slightly faster at 1.68% in June, up from 1.53% in May, signalling persistent pressures in certain sectors.
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Urban inflation in June was recorded at 22.72%, a drop from 36.55% a year earlier, while rural inflation eased to 20.85%, down from 32.09% in June 2024.
Food inflation declined sharply to 21.97% year-on-year, compared to 40.87% in June 2024.
READ ALSO: Inflation Falls to 22.97% in May as Nigeria’s Economic Outlook Brightens
However, on a month-to-month basis, food prices rose by 3.25%, driven by higher costs of fresh pepper, tomatoes, dried shrimps, plantain flour, and other staples.
Core inflation, which excludes volatile food and energy prices, stood at 22.76% in June, a decline from 27.4% in the same month last year.
Economic experts attribute the moderation in headline inflation to relative exchange rate stability and improved food supply in some regions.
However, they warn that insecurity in major food-producing states and rising demand could keep inflation sticky in the months ahead.
